value investing - Trading Studio (Page 7)

Growth of ₹10,000 invested in P/S value screen NSE India vs Sensex from 2005 to 2025. Portfolio barely outpaces the Sensex after 20 years.

value investing

Price-to-Sales Below 1 in India: 11.44% CAGR on NSE, Barely Beats the Sensex

A quality-filtered P/S value screen on NSE returned 11.44% CAGR from 2000 to 2025, against a Sensex that returned 11.12%. The strategy beats the local index by just 0.32%. India's market itself rose strongly. The screen adds little beyond owning the index.

Growth of SEK 10,000 invested in P/S value screen STO Sweden vs OMX Stockholm 30 from 2000 to 2025. Sweden strategy grew to ~SEK 108K, OMX to ~SEK 22K.

value investing

Price-to-Sales Below 1 in Sweden: 10.01% CAGR, +6.84% vs OMX Stockholm 30

A quality-filtered P/S value screen on Stockholm stocks returned 10.01% annually vs 3.17% for the OMX Stockholm 30 index, the strongest excess return vs a local benchmark of any developed market tested. Sharpe ratio 0.402, second best globally.

Growth of $10,000 invested in P/S value screen US vs S&P 500 from 2000 to 2025. Portfolio grew to approximately $150K, S&P 500 to approximately $73K.

value investing

Price-to-Sales Below 1: A Quality-Filtered Value Screen on 25 Years of US Stock Data

We ran a P/S value screen on NYSE, NASDAQ, and AMEX from 2000 to 2025 requiring P/S below 1.0, gross margin above 20%, operating margin above 5%, and ROE above 10%. The strategy returned 11.10% annually vs 8.02% for the S&P 500.

Bar chart comparing P/S value screen CAGR across 14 global exchanges vs local benchmarks. Japan leads on Sharpe (0.409). Korea and Taiwan the only underperformers.

value investing

P/S Below 1 on 14 Global Exchanges: 12 Beat Their Local Benchmark

We ran the same P/S value screen (P/S < 1, quality filters) on 14 exchanges globally. Compared against local benchmarks, 12 of 14 outperform. Against SPY, only 4-5 do. The benchmark choice changes everything. Japan is the biggest surprise: +4.54% vs Nikkei with the best Sharpe ratio globally.

Growth of JPY 10,000 invested in P/S value screen JPX Japan vs Nikkei 225 from 2000 to 2025. Japan portfolio consistently outpaces the Nikkei over the invested period.

value investing

Price-to-Sales Below 1 in Japan: 7.94% CAGR, Best Risk-Adjusted Return Globally

We screened JPX for stocks with P/S below 1 and quality margin filters, then ran 25 years of backtests. The strategy returned 7.94% annually, beating the Nikkei 225 by 4.54 percentage points, with a Sharpe ratio of 0.409 that ranks first among all 14 exchanges tested globally.

Growth of ZAR 10,000 invested in P/S value screen South Africa (JNB) vs S&P 500 from 2006 to 2025. Marginal outperformance over SPY in USD terms.

value investing

Price-to-Sales Below 1 in South Africa: 8.53% CAGR, Marginal Edge Over SPY

We screened JSE-listed stocks for low price-to-sales ratios with qualifying margins and profitability, then backtested the resulting portfolio from 2000 to 2025. The strategy returned 8.53% annually vs 8.02% for the S&P 500. That's +0.51% annual outperformance. The Sharpe ratio is -0.022,

value investing

Price-to-Book Across 18 Exchanges: Only 4 Beat SPY

We ran the same P/B screen across 18 stock exchanges and 25 years of data. Four beat SPY. Fourteen didn't. But with local benchmarks, 12 of 18 beat their own market. Here's where the value premium survived and where it didn't.

Growth of $10,000 invested in DCF Discount strategy vs OMX Stockholm 30, Sweden 2000-2025

value investing

DCF Discount on Swedish Stocks: 14.57% CAGR Over 25 Years on the Stockholm Exchange

Sweden produced 14.57% CAGR from the DCF discount strategy vs 2.40% for the OMX Stockholm 30 (price-only). The +12.17% headline excess narrows to roughly +9 points after dividend adjustment, still the strongest local-benchmark result in our global comparison.

Growth of $10,000 invested in DCF Discount Korea (KSC) vs KOSPI from 2000 to 2025.

value investing

DCF Discount on Korean Stocks: 5.65% CAGR on the KSC, +1.21% vs KOSPI

DCF discount screening on the Korea Stock Exchange returned 5.65% CAGR over 25 years, ahead of the KOSPI by +1.21% annually. Adjusting for the KOSPI's missing dividend yield (~2%), the realistic edge is closer to neutral. 48% win rate, -44.79% max drawdown.

DCF Discount CAGR by exchange, ranked across 14 global exchanges 2000-2025

value investing

DCF Discount Across 14 Exchanges: Where Buying Below Intrinsic Value Actually Works

Same DCF screen across 14 global exchanges with local benchmarks. Sweden led on every metric (+12.17% vs OMXS30, Sharpe 0.579). Germany +7.89% vs DAX, Canada +7.40% vs TSX. India trailed its Sensex. Universe construction matters as much as the signal.

value investing

Why We Removed Australia (ASX) From the DCF Discount Comparison

We previously published a DCF discount backtest for Australian stocks reporting 6.08% CAGR. The result was partly an artifact of broken split-adjusted prices in our upstream FMP data (314 ASX symbols affected). We retract the original number and explain why.

value investing

Why We Removed Brazil (SAO) From the DCF Discount Comparison

We previously published a DCF discount backtest for Brazilian stocks reporting 18.05% CAGR. The headline was substantially inflated by broken split-adjusted prices in our upstream FMP data. We retract the original number and explain why.